Director Insurance & Trust

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Posting Title Director Insurance & Trust 
Department: Supervision  
Full/Part Time: Full Time  
Job Type:  Permanent  
Location: Vancouver  
Work Arrangement: Hybrid  
Salary Range: $142,800.00 - $200,000.00

BC Financial Services Authority (“BCFSA”) helps to protect British Columbians during the biggest financial decisions in their lives. We regulate B.C. ’s financial services sector, including credit unions, real estate licensees, registered pension plans, insurance and trust companies and mortgage brokers. Through modern, effective and efficient oversight, BCFSA protects consumers by impartially setting and enforcing standards across the entire sector ensuring the prosperity of the province.  

BCFSA is an equal opportunity employer and welcomes applications from all groups. This includes Indigenous Peoples, women, visible minorities, persons with disabilities, persons of diverse sexual orientation, gender identity or expression (LGBTQ2S+), and others who may contribute to diversity at BCFSA. 

We recognize unique styles, perspectives, beliefs, and creativity that support a diverse, respectful, inclusive and collaborative work environment. To achieve this, we are committed to: 
•    Hiring team members who represent the population we serve; 
•    Removing barriers that may prevent equitable employment; and 
•    Supporting respectful work environments where everyone feels included and able to produce excellent results. 

BCFSA is proud to be Great Place to Work Certified™. This is based on direct feedback from our Team Members. Our organization has also been selected as one of BC's Top Employers (2023) in recognition of our competitive compensation, work-life balance, and progressive programs.  

WHAT WE OFFER: 
When you join us, you become part of a high-performing team. Here, each Team Member can bring their unique talent to make outstanding contributions as we work towards the common goal of protecting British Columbians during the most important financial transactions in their lives. We offer: 
•    Healthy living and work-life balance  
•    Comprehensive health and wellness benefits plan  
•    Opportunities for personal and professional development 
•    Competitive compensation  
•    A challenging and engaging team environment 
•    Defined benefits pension plan which provides guaranteed income for life 
•    Flexible work arrangement for eligible positions 
•    Our team members enjoy the flexibility of a hybrid work model. They can choose every day where they want to work to be the most effective, from the comfort of their home to our beautiful office in downtown Vancouver. (Eligibility may vary, depending on position).

SUMMARY
The position is accountable for directing the regulatory and prudential risk-based supervision of the provincially regulated Insurance and Trust Companies. 

ACCOUNTABILITIES
•    Directs the implementation of forward looking, risk-based supervisory programs (continuous monitoring/risk assessments) for regulated institutions to ensure they are in sound financial condition and complying with statutory provisions.
•    Oversees the development and maintenance of accurate risk profiles and ratings, detection of risks, and development of recommendations to address risks.
•    Provides expert advice on current and emerging trends and contributes to key decision making on priorities and deliverables.
•    Collaborates in the development and application of the BCFSA Supervisory Framework
•    Directs the development of operational/corporate policies and procedures, performance standards and service levels with the goal of continuous improvement.
•    Manages and controls a budget and makes fiscally responsible decisions.
•    Leads and/or participates in operational planning and reporting for one or more program areas to support reliable program accountability, organizational core values and mandate.
•    Provides supervision, coaching and mentorship to allow team members to achieve their full potential.
•    Builds and fosters strategic and collaborative relationships with a diverse range of internal and external stakeholders. 

JOB REQUIREMENTS

EDUCATION AND EXPERIENCE 
•    University Degree in Finance, Commerce, Accounting, Business, Law, Economics or related field; Master’s degree and/or relevant professional designations (e.g. Chartered Insurance Professional, Associate in Reinsurance, Chartered Professional Accountant, Chartered Financial Analyst) are preferred. 
•    5+ years’ experience in financial services industry with relevant experiences in the following:
o    Operational and/or finance experience in the insurance industry.
o    Overseeing and directing financial risk management activities in the financial services sector.
Preference may be given to applicants with Property and Casualty insurance experience.
•    Experience with leading staff and projects.
•    Experience with engaging stakeholders and developing relationships.

KNOWLEDGE AND SKILLS
•    Comprehensive knowledge of the relevant provincial acts and regulations.
•    Comprehensive knowledge of supervisory frameworks in BC and Canada.
•    Knowledge of financial institutions and financial services sector.
•    Knowledge of financial statements, reporting standards and metrics.
•    Knowledge of risk management principles , methods and practices as they apply to financial institutions.
•    Ability to exercise judgement, initiative, and discretion. 
•    Ability to analyze business plans and financial statements.
•    Ability to communicate effectively and influence stakeholders. 

PROVISOS
Candidates must be eligible to work in Canada and living in British Columbia or intent to settle in the province.
Internal candidates are kindly requested to use their BCFSA email address when applying for this position. This will help us identify and streamline the internal application process.

Hiring Process Accommodation 
BCFSA wants to ensure every job applicant is treated fairly and with respect and encourages applications from all candidates, including those with diverse abilities. We welcome you to inform us confidentially if you may require any special support in the application process, including disability accommodation, in order to participate fully in our recruitment experience. Email us at careers@bcfsa.ca to notify us of any needs related to your job application